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Employee Benefit Plans (Tables)
12 Months Ended
May. 28, 2015
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Changes in Projected Benefit
The status of the Company’s unfunded nonqualified, defined-benefit and account-based retirement plan based on the respective May 28, 2015 and May 29, 2014 measurement dates is as follows:
 
 
 
May 28,
 
May 29,
 
 
 
2015
 
2014
 
 
 
(in thousands)
 
Change in benefit obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of year
 
$
28,776
 
$
26,439
 
Service cost
 
 
697
 
 
702
 
Interest cost
 
 
1,243
 
 
1,173
 
Actuarial loss
 
 
1,472
 
 
1,567
 
Benefits paid
 
 
(1,151)
 
 
(1,105)
 
Benefit obligation at end of year
 
$
31,037
 
$
28,776
 
 
 
 
 
 
 
 
 
Amounts recognized in the statement of financial position consist of:
 
 
 
 
 
 
 
Current accrued benefit liability (included in Other accrued liabilities)
 
$
(1,196)
 
$
(1,124)
 
Noncurrent accrued benefit liability (included in Deferred compensation and other)
 
 
(29,841)
 
 
(27,652)
 
Total
 
 
(31,037)
 
 
(28,776)
 
 
 
 
 
 
 
 
 
Amounts recognized in accumulated other comprehensive loss consist of:
 
 
 
 
 
 
 
Net actuarial loss
 
 
9,562
 
$
8,494
 
Prior service credit
 
 
(756)
 
 
(834)
 
Total
 
$
8,806
 
$
7,660
 
Net Periodic Pension Cost
 
 
Year Ended
 
 
 
May 28, 2015
 
May 29, 2014
 
May 30, 2013
 
 
 
(in thousands)
 
Net periodic pension cost:
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
697
 
$
702
 
$
712
 
Interest cost
 
 
1,243
 
 
1,173
 
 
1,099
 
Net amortization of prior service cost and actuarial loss
 
 
326
 
 
268
 
 
286
 
 
 
$
2,266
 
$
2,143
 
$
2,097
 
Schedule of Expected Benefit Payments
Benefit payments and contributions expected to be paid subsequent to May 28, 2015, are:
 
Fiscal Year
 
(in thousands)
 
2016
 
$
1,196
 
2017
 
 
1,232
 
2018
 
 
1,226
 
2019
 
 
1,236
 
2020
 
 
1,305
 
Years 2021 – 2025
 
 
9,281